Mortgage Proposal Reaction

2007-12-06T20:28:38-05:00https://images.c-span.org/Files/7c2/202807-m.jpgTreasury Secretary Henry Paulson talked about the subprime mortgage crisis. He talked about the governmental interests in the development of a market-based solution. He said that mortgage industry representatives supported the proposed federal response. Housing and Urban Development Secretary Alphonso Jackson talked about the abilities of homeowners to refinance their mortgages under the federal policy. Industry representatives talked about the effect of the policy on their business practices. Panelists answered questions from reporters.

Treasury Secretary Henry Paulson talked about the subprime mortgage crisis. He talked about the governmental interests in the development of a market-based solution. He said that mortgage industry representatives supported the proposed federal response. Housing and Urban Development Secretary Alphonso Jackson talked about the abilities of homeowners to refinance their mortgages under the federal policy. Industry representatives talked about the effect of the policy on their business practices. Panelists answered questions from reporters. close